Home
>
Executive Report
>
Features
Next Year’s PMO Budget
Edward Uy
(October 20, 2008)
|
|
It’s budget season, and the emergence of project management offices in recent years has added another piece to the annual puzzle for many organizations. From staffing to travel, here are six key areas that should be considered in the PMO budgeting process.
The autumn season means different things to different people — back to school, the return of football season, falling temperatures, and, of course, the dreaded corporate budgeting process. This time-honored corporate ritual of fiscal estimating based on last year’s funding, next year’s best guesses and a little voodoo magic, is well choreographed for most departments. However in recent years the rise of project management offices (PMOs) has added a new wrinkle to this annual process. The PMO is yet another department with some unique considerations, and often the leaders of the PMO don’t have the luxury of a long-standing budget track record from which to draw upon.
Depending on the charter of your PMO, the core elements to consider when developing the yearly budget can vary tremendously.
- Is the PMO responsible for project management governance?
- Does your group also provide training, staffing, and delivery capabilities for the organization?
- Does the PMO support the entire company? Or just one division?
- Are the systems for project tracking and reporting under the management of the PMO or an application department?
- Is your group expanding responsibilities to cover any of the above?
With the current, tenuous state of the economy, prudent planning is crucial.
Please login/register to read the entire article.
Sponsored Announcements and Special Offers
|
Project Management Software That Breaks the Mold - Is your team is struggling under the weight of outdated schedules, multiple spreadsheets, and mountains of email? Get organized, get visibility, and save up to 3 hours a day with LiquidPlanner. Scheduling has never been easier with drag-n-drop prioritization that fits the way YOUR team works. Free for 30 days.
Resource Planning Summit, Sept. 19-21, 2010, La Jolla, CA - Resource Planning is HOT today! Opening Keynoter Mike Hanford, Research Director at Gartner, will describe why, and what firms must do about it. Nine industry speakers will describe the startling results they have achieved. If you have anything to do with resource management, register NOW!
ProjectWorld® & World Congress for Business Analysts® is the premier conference for advancing collaboration through practice. The high level content cannot be found at any other industry event because it stretches far beyond the fundamentals to provide leadership, strategy and enterprise wide information - exactly what you need to be more valuable to yourself and your organization.
Are you ready to gain the highest recognition for a BA and apply the best practices defined in the Business Analysis Body of Knowledge®? Let us help you prepare for Certified Business Analysis Professional® certification with our CBAP® Exam Prep Course. We also provide CBAP® Application Workshops (free webinars) to help you successfully get approved for the CBAP® application.
Are your Business Analysis Skills Current? Business analysis is not just about IT requirements anymore. Organizations are looking for a new breed of professionals to bridge the business and technology gap with value-centric solutions. Develop the fundamental skills and best practices you need to stay ahead of changes in your field with our business analysis training offerings.
|
|
|
|
|
